Monday, April 8, 2019

Jim Rogers is critical of Interest Rates

Are politicians clueless or too focused on getting votes ? Getting votes usually means making policies for short term benefits. Jim Rogers thinks the current government policies are going to harm us all in the end.

"The central bank, the president, Congress — everybody in Washington has no clue and they’re going to be the ruination of us all. They’ve driven interest rates to the lowest in record history, they don’t know what they’re doing and we’re all going to pay the price for it. Interest rates are absurdly low. They’ve never been this low in history. We’re going to pay a serious price.”

Jim Rogers co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.